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GCC commends Moroccan King’s Atlantic African Initiative, welcomes Morocco’s reform projects

Secretary General of the Gulf Cooperation Council (GCC), Jasem Mohamed Albudaiwi, commended the Atlantic African Initiative launched by King Mohammed VI for Sahel States. The GCC States welcome the Atlantic African Initiative of King Mohammed VI which will strengthen cooperation between Sahel and Atlantic coast States, Albudaiwi said during the GCC-Morocco ministerial meeting held on […]

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GCC countries reaffirm steadfast support for Morocco’s sovereignty over its Sahara, preservation of its peace & security

Foreign Ministers of the Gulf Cooperation Council (GCC) countries reaffirmed, Sunday, the unwavering positions, and steadfast decisions of the GCC Supreme Council supporting the Moroccan sovereignty over the Sahara and the preservation of peace and security of Morocco. These commitments that also endorse the autonomy initiative as the only solution to the settlement of the […]

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Canada’s Shimco to set up plant in Morocco’s aerospace industry hub

Canada’s Shimco, a manufacturer serving the global aerospace supply chain, said it plans to have a plant in Morocco. A deal was signed to that end with Morocco’s industrial hub Midparc to join a constellation of global aeronautical suppliers in Nouacauer industrial zone in Casablanca. Speaking at the signing ceremony, attended by Moroccan industry minister, […]

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Morocco’s OCP posts $9.1 bln revenue in 2023

Morocco’s phosphates and fertilizer giant, OCP, said its revenue in 2023 dropped to $9.1 billion from $11.3 billion a year earlier due to lower prices in the international market. The company said it will forge ahead with its investments which totaled $2.6 billion last year, from 2 billion a year earlier. Few days ago, OCP […]

Emerging Markets Europe Headlines International Morocco

Morocco & France agree to step up cooperation in agronomy, forestry, veterinary research

Morocco and France have agreed to enhance cooperation in agronomy, forestry & veterinary research as well as in agriculture vocational training on the sidelines of the ongoing Paris International agricultural show 2024. The agreement, which was inked Friday in Paris, aims to foster cooperation ties between the two countries’ agriculture universities and vocational training centres. […]

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British-Moroccan trade thriving

British-Moroccan trade is thriving and the potential for the development of commercial relations is tremendous, said special envoy of the British Prime Minister for trade Rob Butler, who is on a visit to Morocco. “Last year, bilateral trade amounted to nearly £3.5 billion. This is a real illustration of the potential opportunities that exist between […]

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Ericsson Report: Africa takes lead as 85% of global population expected to have 5G access by 2029

The November 2023 release of the Ericsson Mobility Report predicts that by 2029, 5G access will reach 85% of the world’s population, with Africa taking the lead in this advancement. This surge in mobile subscriptions across Sub-Saharan Africa is attributed to positive economic prospects and proactive regulatory measures aimed at enhancing network coverage, driven by […]

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Chad’s PM Commends Royal Atlantic Initiative from Washington

Chad’s Prime Minister, Succès Masra, has commended, in Washington, the Initiative of King Mohammed VI aimed at promoting access of the Sahel States to the Atlantic Ocean, deeming it “very relevant”. Speaking during a round table held by the U.S think tank The Atlantic Council, Succès Masra, who is on an official visit to the […]

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At UN, African countries urge “sustainable” use of transitional minerals

A group of African countries urged the UN environmental assembly in Nairoby to adopt a resolution on the sustainable use of minerals key to the process of energy transition. The decision would help African countries avoid injustice and extra-activism as the global clean energy agenda speeds up and demand increases on key minerals. Billions of […]

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Nigeria enforces a yearly levy on expatriate employees

Nigeria has introduced a compulsory yearly levy for companies hiring foreign workers, charging $15,000 for directors and $10,000 for other employees. The aim is to prompt foreign companies to hire more Nigerians. Diplomatic mission staff and government officials are exempt. President Bola Tinubu has cautioned against misusing the levy to deter investors. He stressed the […]